Sell my house to my roommate?

Angelita
I live with a roommate in a house. The house is in my name alone. She would like to have the house and I would like to move out. Is there any way to refinance the house in both of our names and then my name can be removed somehow or do I have to just outright sell it to her? If I have to sell it to her is there any way to avoid the fees and costs associated with the transaction?

Damion
Hello.Can your roommate manage alone or is she planning on finding another roommate.It is possible to avoid the extra fees associated with purchasing a house.Depending on her credit score and her total debt ratio (TDS)it is possible to refinance in her name.You can also do a private sale to her, using a lawyer and a mortgage broker, or if she is able to get financing on her own.CB

Parthenia
The best way is to give her a price...ifall you want is the price remaining sell it to her for that much...there is no way to remove your name off the house until you sold it to another or if you dont make the payments the loan company will come and kick you out.The down payment takes care of all the paperwork needed to get the name changed and abstract up to date.